On 12th April 2019 we started supporting monitoring of Kraken to Bitfinex with XETHZUSD ETHUST combination, today you can get 0.1487% return running this trade as it is temporarily displaying steady return since Monday, the combination currently is spread at 0.1 as of 5th December 2019 from 21:04:31 looking at profit of 0.00002979 bitcoin for every 1 bitcoin exchanged. Since tracking started we have watched this topping off at 33.64 this year alone. In the last 24 hours the spread reached a high of 0.35 meaning -33.29 shortening this year resulting in a 98.96% change from that high. Kraken to Bitfinex with XETHZUSD ETHUST is 122nd currently. This arbitrage spread isn't a fanciful change, and not the same as Bitfinex BTCUSD to Binance BTCTUSD and Bitmex ETHUSD to Poloniex BTC_ETH with it being more appeal.
5th December 2019 21:04:31 UTC - 8 weeks ago
Kraken XETHZUSD @ 148.19000000
Bitfinex ETHUST @ 148.09000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00002979 BTC with a 0.1487% return
Bitcoin Trade Size
This results in a profit of 0.001355 BTC when you leverage 45.5 bitcoin of XETHZUSD at Kraken at the market price of 148.19000000 and buy the identical size of 45.5 BTC of ETHUST at Bitfinex set at 148.09000000 meaning a 10.01 USD net gain with BTC stable at 7,384 USD. Our recommendation is to look at the combination opportunities, as it would return a profit if carried out to the amount of 0.00002979 per one bitcoin. Everything shown says points that the gains will be poor placing doubt to proceed, specifically when you have the profits unlocked by Bitmex ETHUSD to Poloniex BTC_ETH returning 0.02006822 BTC profit per one bitcoin at present.
Disclaimer : We are not financial consultants and all financial transactions are the responsbility of the user, this information provided is only valid at the timestamp of 5th December 2019 21:04:31, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.